A bank account without BVN is by definition a cash account with a Nigerian financial institution which doesn’t require a Bank Verification Number (BVN) from a new customer who wants to become a client of a Nigerian bank.
Opening a bank account without BVN is an option offered by several Nigerian banks to help any future bank customer to have access to an account without providing this biometric identification system which has been tentatively implemented by the Central Bank of Nigeria (CBN).
A Bank account with no BVN should not be possible in theory only as the Bank Verification Number procedure has been implemented to eliminate illegal banking transactions in Nigeria in the context of the CBN Act 1958.
A Bank account with no BVN is becoming almost common as a large Nigerian population has not adopted the BVN enrollment, the Nigerian Government now looking to impose each bank account opening with the delivery of NIN (National Identity Number).
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